Total assets of U.S. ETFs surpassed the $10 trillion mark for the first time on September 27, thanks in part to more than $20 billion in Capital into cryptocurrency ETFs by 2024, according to data from Bloomberg Intelligence and research firm Morningstar.
Investors have poured about $691 billion into ETFs in the United States this year. Crypto ETFs account for nearly 3% of that total Capital .
“We expect total ETF assets to reach $25 trillion within the next 10 years,” Eric Balchunas, senior ETF analyst at Bloomberg, said in a post on the X platform on September 27.
“It typically takes ETFs five years to double their assets, but this time it took just 3.7 years,” he added.
In the crypto fund space, BlackRock’s iShares Bitcoin Trust leads the way with over $21 billion in inflows since January. Coming in second is the Fidelity Wise Origin Bitcoin ETF, which has seen net Capital of nearly $10 billion, according to data from Morningstar.
Additionally, the iShares Ethereum Trust ETF also stood out with net gains of more than $1 billion. The Ethereum spot ETFs launched in July, about six months after the Bitcoin spot ETFs.
However, the Grayscale Bitcoin Trust ETF – launched in 2013 and listed as an ETF in January – has eroded some of the industry’s gains, recording nearly $20 billion in Capital over the same period. Its 1.5% management fee is significantly higher than its competitors.
In addition to spot funds, ETFs that use Derivative to provide leverage into a variety of assets will account for about 80% of new ETF issuances through 2024.
MicroStrategy leveraged ETFs hit $400 million in net assets this week, as retail investors continue to pour Capital into highly volatile BTC trades.
Asset manager Vanguard – which has deliberately avoided launching crypto ETFs – accounted for about a third of net Capital into US ETFs in 2024.
Investment managers expect the launch of options for a Bitcoin spot ETF in the United States to boost institutional participation and could open up “significant growth opportunities” for investors holding spot Bitcoin.
On September 20, the U.S. Securities and Exchange Commission (SEC) officially allowed Nasdaq to list options for BlackRock’s iShares Bitcoin Trust ETF. This is the first time the regulator has approved options trading related to spot Bitcoin in the United States.
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According to Cointelegraph
